Tushar Poddar, vice president and chief economist, Goldman Sachs India: The next two quarters may see lower growth than the 6.1 percent in this quarter as the impact of poor rains comes on board.

Sherman Chan, economist, Moody's Economy.com: Although global economic conditions have finally stabilized, as reflected in the GDP numbers recently released around the world, India's battle against downside risks is far from over.

Rohini Malkani, economist, Citi India: The trends would have been lower were it not for ongoing government stimulus measures. Moreover, the impact of the poor monsoon or drought will be felt in the coming quarters.

Siddharth Shankar, economist, Kassa Financial Services: I feel the impact of poor monsoon is still not reflected in the figures and may not be reflected in the second quarter figures as well. It is only in the third and fourth quarter figures we shall see the impact of poor monsoon.